Lab Question 4 of 7 < Current Attempt in Progress 3.33/20 Blossom Company sells equipment on March 31, 2024, for $33,085 cash. The equipment was purchased on January 5, 2021, at a cost of $83,000, and had an estimated useful life of five years and a residual value of $2,400. Blossom Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end. December 31. Your answer is partially correct. Prepare the journal entry to update depreciation to March 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. List debit entry before credit entry) Date Account Titles Debit Credit Mar. 31 Depreciation Expense Accumulated Depreciation Equipment eTextbook and Media MacBook Air SUPPORT